Question

Katrina is making her monthly budget plan and has listed her expenses. She makes $2,000.00 a month. Calculate themonthly fixed cost of Katrina's expenses given the following:Fixed costsVariable CostsGoalsSavingsMiscellaneousCar insurance $58Groceries $160new car $45$200Birthday gifts etc..Phone $25Movie night $15vacation $20Rent $500Clothes shopping $50Car Payment $300Fuel $45Electricity $40Water/Sewer $150Monthly fixed cost

Answer 1

Input data

Calculate the fixed cost

Procedure

Montly fixed cost

Car 58

Phone 25

Rent 500

Car Payment 300

Electricity 40

Water 150

Total = 1073 Fixed cost